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<br />Lender's written agramrnt or applicable law. Ba•rower shalt pay the amount of a1i mortgage insurance premiurr» in the
<br />manner provided under paragraph 2 hereof.
<br />Any amounts disbursed by Lender pursuant to this paragraph 3, with interest thereon, shzli becotn*_ additional
<br />indebtedness of Borrower secured by this Mortgage. unless Borrower and Lender agree to other terms of pavmeru, such
<br />attmunts shalt be payable upon notice from Lrnder to Borrower requesting payment thereof. and shalt bear interest fran the
<br />daft of tlisbursetnent at the rate payable from time to time on outstattdhtg principal under the Notc unless payment of
<br />interest at such rate would be contrary fo applicable taw. in wfiich event such amounts shall liar interest at ttte highest rate
<br />permisn'bk under applicable law. Nothing contained in this pazagraph 7 s}nli require Lender to incur any expertu or take
<br />any action hereuadu.
<br />$. Iasprxdoo. Lender may make or cause to be made rea>onable entries upon and inspections of the Property. provided
<br />that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />9. Caodsvtoa8on. Tfie preeeeds of any award or claim far damages. direct or cottsegttert[ial, in Connection with any
<br />condemnation oe other taking of the Property. or part thereof. or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a total taking of the Property. Cite proceeds shall be applied to the sums secured by this Mortgage.
<br />with the excess, if any, paid to Borrower. Tn the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Mortgage such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured 6y this Mortgage immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of taking, with tbe balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, ar if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the sums secured by this Mortgage.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of procceds to principal shall not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
<br />such installments.
<br />18. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the anginal Borrower and Borrower's successors in interest. Lender shall not be required to cam,-stence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. IPorbearance by Louder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />The procurement of insurance or the payment of taxes or other liens ar charges by Lender shall not be a waiver of Lender's
<br />right Yo accelerate the matunty• of the indebtedness secured by this Mortgage.
<br />12. Remedies C®olative. All remedies provided in this Morcgage are distinct and cumulative to any other right or
<br />remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. 3accessors and Aatiges Bound; loint and Several I.iabiltty; Capdotts. The covenants and agreements herein
<br />contained sfiall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph i7 hereof. Ail covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to
<br />interpret or define the previsions hereof.
<br />14. Nadce. Except for any notice required under applicable law to be given in another manner, ta} any notice to
<br />Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by notice to Lender as provided herein, and
<br />(b} any notice to Lender shall be given by certified mail, return receipt requested. to Lenders sddress stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein.
<br />15. Uniform Mortgage; Governing Law; SeverabBity. This farm of mortgage combines uniform covenants for national
<br />use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is located- fn the
<br />event that any prevision or clause of this Mortgage or the Nate conflicts with applicable law. such conflict shall not affeM
<br />other provisions of this Mortgage or the Nate which can be given effect without Cho conflicting provision, and to this
<br />end the provisions of the Mortgage and the Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be furnished a conformed copy of the Note and of this Mortgage at the time
<br />of execution or after recordation hereof.
<br />17. .ransfer of the Property; Assumption. If all or any part of the Property or an interest therein is sold or transferred
<br />by Borrower without Lender's prior written consent, excluding (al the creation of a lien or encumbrance sutwrdinate to
<br />tfiis Mortgage, (b) the creation of a purchase money security interest tar household appliances. (c) a transfer by devise,
<br />descent or by operation of law upon the death of a joint tenant or fdt the grans of say leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, at Lender's option, declare all the sums secured by this Mortgage to be
<br />immediately due and payable. bender shall have waived such option to accelerate if. prior to the sale or transfer, Lender
<br />and the person to whom the Property is to be Bald or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the interest payable on the sums secured by this Morcgage shall be at such rate as Lender
<br />shall request. if Lender has waived the option to accelerate provided in this paragraph 17, and if Borrower's successor in
<br />interest has executed a written assumption agreement accepted in writing by I ender, Lender shall release Borrower from all
<br />obligations under this Morcgage and the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />paragraph ]4 hereof. Such notice shall provide a period of not less than 30 days from the date the notice is mailed within
<br />which Borrower may pay the cams declared due. It Borrower fails +o pay such sums prior to the expiration of such period,
<br />Lender may, without further native or demand on Borrower, invoke any remedies permitted by paragraph 1 R hereof.
<br />Not+.IJxtFattat CovtsneNrs. Borrower and Lender further covenant and agree as follows:
<br />I8. Aceeleration; Remedies. Except as provided in paragraph 17 hereof, upon Borrower's breach of any covenant or
<br />agmmeM of Borrower in this Mortgage, inelndiag the covenants to pay when due any snms secured by this Mortgage,
<br />Lender prior to acceleration shalt mail entice to Borrower as provided iv paragraph 14 hereof specifying: (1) the breach;
<br />(2) the action regnited to cote such breach; (3) a date, not less than 30 days from the date the notice is mailed to Borrower,
<br />by which seeh breach-most be eared; and (4) that failure to core snch Itreach on or before the date specified in the »otice
<br />may resell in accekraflort of the soles sex'nred by this Mortgaxe, foreclosure by judicial proceeding and sale of the Property.
<br />'IUe naRiae shall. tsrtlter inform Borrowr c of the right !o rtiastate aNer actderatlon sad the right to assert in the foreclosure
<br />»caetedittg the aoo-e:iNeoce of a de[aep or any other defense of Borrower to acceleration and foreclosure. <f the breach
<br />is got cooed o0 or before the date specified in the notice; Leader at [.ender's option may declare aU of the sums secured by
<br />this-Mottg~e to be immeely doe sod payable without further demand sad may forecl~e by jetdkial proceetRrtg. Leader
<br />siwli bE ettthkd to collect in sse6 proceedhq a8 expenses of foreclosure, including, but not limked to, costs of docnmerKary
<br />evidence, abstracts and title reports.
<br />13. 1•oorrrwer~a Right W- Rei~.:tc. Notwithstanding Lender's acceleration of the sums secured by this Mortgage,
<br />13orravrer shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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